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Merger of Glencore and Xstrata: voestalpine Not Concerned

Published: February 8, 2012; 11:12 · (Vindobona)

The Austrian steel company does not feel affected by the merger between the two major commodity corporations Glencore and Xstrata.

Merger of Glencore and Xstrata: voestalpine Not Concerned / Picture: © Flickr

“Glencore and Xstrata are no suppliers for us.”, the spokesman Peter Felsbach said. As a result, voestalpine does not see potential consequences. Whether a merger has effects on the iron ore price is not predictable, Felsbach said. “This would be pure speculation.” The last two years showed a massive increase, anyway.

According to the spokesman, voestalpine wants to…

This article includes a total of 95 words.

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